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President Obama has not yet decided whether he will approve a new pipeline (the Keystone XL) that would carry newly produced oil from Canada into key distribution sites in the United States.
(A) From an economic standpoint, what are the likely costs and benefits associated with the President's decision insofar as the actual construction of the pipeline inside the United States is concerned? (Ignore its subsequent use.)
(B) Let's move to the future. Suppose the pipeline now is in operation. Now, who bears the expected economic costs and benefits of the operation of this pipeline? I.e., who benefits and who pays what costs?
In this exercise, you will find actual points on the combined PPC of the two states. For each of the following values of one good, calculate the maximum amount of the other good that the two countries could produce working together.
1. suppose the demand for a product is given by p 100 - 2q. the supply is given by p 20 6q. if an 8 per unit excise
general purpose of an essay an essay is a piece of continuous writing that contains an argument to address the topic.
(1)Compute the optimal prices, and the Lerner index and inverseelasticity of demand for each good. (2)Now suppose the goods are produced by two firms that chooseprices simultaneously. Compute the Nash equilibrium and compare
oligopoly is the predominant market structure in the airline industry. in the express package business fedex ups and
By 2011, when the economy appeared to be sputtering on its way to recovery, President Obama and the Democrats proposed additional actions to increase government spending to stimulate the economy and keep it from falling back into a recession.
Explain how you knew the price earnings ratio was attractive and unfavorable.
A two-year-old child is eating raisins one at a time from a large box. Even though the child doesn't understand formal economic theory, he knows when to stop eating because he is full. Describe how this child has already mastered marginal analysis..
In imperfect competition, labour markets can lead to worker exploitation in terms of their wage rates they receive compared with wage rates in perfect competition. Discuss this opinion.
The Fed sells bonds in the open market during a period of low unemployment and no excess industrial capacity. The economy is far below capacity and the government lowers taxes
it seems most everything we buy these days has the label made in china. china has become the second largest world
slutsky equation and intertemporal choice. suppose that the preference ordering of an individual can be represented by
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